ACCOUNTS - Final Accounts
ACCOUNTS - Final Accounts
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Registered number:
FOR THE YEAR ENDED 30 SEPTEMBER 2022
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AT JONES HOLDINGS LIMITED
COMPANY INFORMATION
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AT JONES HOLDINGS LIMITED
CONTENTS
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AT JONES HOLDINGS LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2022
The directors present the strategic report for the year ended 30 September 2022.
The AT Jones Group (ATJG) consists of AT Jones Holdings Limited, the parent entity of ATJ Homes Limited (ATJH), a property development company and AT Jones & Son Limited (ATJ), a specialist interior fit-out subcontractor, undertaking various trades including drylining, plastering, suspended ceilings, cladding, facades, and fire protection. We have extensive experience in offering design, planning and delivery of the ideal drywall systems to meet the requirements of complex projects.
As we sign off our September 2022 audited accounts, the Board reflect on a challenging few years where our business has been impacted by COVID-19 both financially and operationally. This has also been compounded by the current challenges across the economy and the construction sector, specifically labour availability and costs, material price increases and fuel costs, all impacting margins and slowing down projects. Further economic uncertainty has been created by the events in Ukraine and the impact of high inflation across world markets. Without doubt, we have been through an extraordinary period where the construction industry has been significantly impacted and a number of businesses have ceased trading. Despite these challenges this year’s performance has been underpinned by our leading market and geographic positions. With changing market conditions, it is important we remain fit and healthy for future growth. The Board, therefore, remain optimistic into 2023/24. ATJG are at the forefront of interior fit-out, our innovation, experience, and performance drives sustainability and we are proud of our reputation for high quality of project delivery across our chosen market sectors. Performance Review Strategically, we have undertaken an efficiency and streamlining programme where we are currently focused on improving our productivity and removing duplication of processes. The actions taken will deliver profit and cash flow improvements from operations. Initially, as planned we have seen a decrease in turnover in the last 12 months, as we reduced costs across the business in the wake of the trading challenges detailed. Strong trading and cost-reduction exercises has led to increased profitability and margins. ATJG undertook to review all overheads in late 2021 and restructured the business so we could reduce the cost base whilst creating a sustainable offering to clients. As part of this cost-reduction exercise, we incurred some exceptional costs that were fully budgeted in 2022. The first development under ATJH was also sold in the period making a good margin and aided the Group’s recovery from a difficult few years.
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AT JONES HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2022
We have made progress on our key financial and non-financial targets and are on track to deliver on our Strategic Plans. ATJG is a great place to work, known throughout the industry for our operational excellence and being the partner of choice to our Main Contractor clients and supply chain partners, we work closely with all the major plasterboard manufacturers to offer the most safe, environmental, and buildable solution. Despite all the challenges detailed we have a stable platform to grow/improve margins exploiting a wealth of experience and talent in our people. I would like to thank all the ATJG staff for their hard work and loyalty to get us through an extremely challenging few years. The level of commitment and willingness shown to go the extra mile has been truly humbling, we have every reason to be excited for the future.
At the date of this report, both the 2022/23 revenues and operating profits are in line with budget and the sales pipeline continues to look healthy and consistent with expectations, with 100% of budget secured for 2022/23 and a healthy order book moving into 2023/24.
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AT JONES HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2022
There has been a significant level of turbulence in our market over the past 12 months. Unsurprisingly, this has led to increased scrutiny of the performance of companies operating in our sectors and the ways in which we operate. The Board is committed to a long-term strategy. It believes that there are still many challenges and much uncertainty ahead but there are also real opportunities, by focusing on our core business capabilities allowing us to dynamically engage in a market that is going through unprecedented change. ATJG is financially resilient, it has a committed Board with a dedicated work force all working with a robust strategy to meet the market demands head on:
• Labour availability/costs • Material price increases • Fuel costs • Further economic uncertainty is created by the impact of high inflation across world markets • The continuing war in Ukraine.
To support the continued strategic consolidation and with margins key, ATJG continues to focus on liquidity. ATJG can report a year-on-year improvement in working capital and strong relationships with all funders.
Operating environment Health & Safety Turning to safety, which is at the heart of our licence to operate and remains a priority for clients when procuring work, we are delighted to say that our safety performance remains excellent. ATJG operate a robust, integrated management system which supports ISO9001, 14001, and 45001. Detailed planning, monitoring and risk assessments are executed for every site, including regular training of our workforce. Internal and external health and safety audits are conducted regularly, and all results reviewed carefully. Thorough investigation is conducted of all accidents and near misses. ATJG has a system of regular sharing of good practices and learnings from accidents and near misses. The application of these processes is regularly monitored by the Board. Health and Wellbeing The health and wellbeing of our teams, both ATJG employees and the supply chain, is key as it directly impacts on operational safety. We have health champions across the business who are trained to monitor and assess employees’ mental and physical wellbeing. Research and development expenditure The Group is involved in research and development activities. Details of this can be found in note 7. Summary The ATJG business model is at the heart of our competitive differentiation. We aim to continue to leverage our skills, knowledge and innovation to provide solutions, providing stability and certainty when markets fluctuate. Our core businesses are performing well and we have leading positions in our chosen markets. ATJG is very well placed for the future.
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AT JONES HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2022
This report was approved by the board on 5 April 2023 and signed on its behalf.
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AT JONES HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2022
The directors present their report and the financial statements for the year ended 30 September 2022.
The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £539,743 (2021 - loss £217,594).
No ordinary dividends were paid (2021 - £nil). The directors do not recommend payment of a final dividend.
The directors who served during the year were:
Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
∙so far as the director is aware, there is no relevant audit information of which the Company and the
Group's auditors are unaware, and
∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any
relevant audit information and to establish that the Company and the Group's auditors are aware of that information.
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AT JONES HOLDINGS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2022
The auditor, Barnes Roffe LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board on
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AT JONES HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AT JONES HOLDINGS LIMITED
We have audited the financial statements of AT Jones Holdings Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 30 September 2022, which comprise the Group Statement of comprehensive income, the Group and Company Balance sheets, the Group Statement of cash flows, the Group and Company Statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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AT JONES HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AT JONES HOLDINGS LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Directors' report.
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AT JONES HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AT JONES HOLDINGS LIMITED (CONTINUED)
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AT JONES HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AT JONES HOLDINGS LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
∙The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
∙We identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the relevant sector;
∙We focused on specific laws and regulations, which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006 and ISO standards; and
∙We assessed the extent of compliance with laws and regulations identified above through making enquires of management and inspecting legal correspondence and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
∙Making enquires of management as to where they considered there was susceptibility to fraud, their knowledge of actual suspected and alleged fraud; and
∙Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
∙Performed analytical procedures to identify and unusual or unexpected relationships;
∙Tested journal entries to identify unusual transactions;
∙Assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
∙Investigated the rationale behind significant or unusual transactions.
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AT JONES HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AT JONES HOLDINGS LIMITED (CONTINUED)
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial statements, the less likely it is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect that those that arise from errors as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Statutory Auditor
Chartered Accountants
Leytonstone House
London
E11 1GA
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AT JONES HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2022
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AT JONES HOLDINGS LIMITED
REGISTERED NUMBER: 05431412
CONSOLIDATED BALANCE SHEET
AS AT 30 SEPTEMBER 2022
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 20 to 41 form part of these financial statements.
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AT JONES HOLDINGS LIMITED
REGISTERED NUMBER: 05431412
COMPANY BALANCE SHEET
AS AT 30 SEPTEMBER 2022
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 20 to 41 form part of these financial statements.
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AT JONES HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2022
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AT JONES HOLDINGS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2022
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AT JONES HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
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AT JONES HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2022
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AT JONES HOLDINGS LIMITED
CONSOLIDATED ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 30 SEPTEMBER 2022
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
AT Jones Holdings Limited ("the company") is a private company limited by shares and is registered and incorporated in England and Wales. The registered office is 6 The Potteries, Wickham Road, Fareham, Hampshire, P016 7ET.
The group consists of AT Jones Holdings Limited and all of its subsidiaries. The company's and the group's principal activities and nature are as follows; AT Jones Holdings Limited - That of a holding company; A.T. Jones & Son Limited - That of the provision of specialist fit out services; ATJ Homes Limited - That of property devlopment; ATJ Facades Limited - That of a dormant company.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
2.Accounting policies (continued)
There has been a significant level of turbulence in our market over the past 36 months. Unsurprisingly, this has led to increased scrutiny of the performances of companies operating in our sectors and the ways in which we operate. Strategically ATJ have undertaken an efficiency and streamlining programme and we are currently focused on improving our productivity and remove the duplication of processes. The actions taken will deliver profit and cash flow improvements from our operations.
The overall economic uncertainty created by Covid-19 saw less of an impact in the 2020 financial statements, but it did impact both the 2021 and 2022 financial statements. The impact from the Covid-19 pandemic, and more recent inflationary pressures across both labour and materials, continues to create economic uncertainty for businesses. The ATJ Group has learnt a lot from the previous three years and are in good shape operationally and financially. The Group continues to maintain a clear focus across each of our chosen sectors, revenues have again demonstrated a strong resilience, underpinned by our very strong relationships with both long-standing and new clients. The Directors continually review each project and the overall finances, and where there has been little change in trading activity, assessments remain as they had been prior to the pandemic. The finances of the ATJ Group are not as strong as before the pandemic, but it has been strengthened by additional funding and the recovery in the past 12 months. Having taken that into consideration, along with the expected performance over the foreseeable future (a strong forward order book for 2022/23 shows we have secured circa £36m of our forecast revenue of circa £35m (103%)), the Directors consider that the ATJ Group has sufficient resources to continue to operate for a period of at least 12 months from the date of approval of the financial statements. Therefore, the Directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
Revenue from contracts for the provision of fit out services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
2.Accounting policies (continued)
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only. Grants of a revenue nature are recognised in the Consolidated statement of comprehensive income in the same period as the related expenditure.
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
2.Accounting policies (continued)
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as outlined below.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
2.Accounting policies (continued)
Provisions are charged as an expense to profit or loss in the year that the Group becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Balance sheet.
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Critical judgements The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements. Revenue A high proportion of job contracts entered into span the year end. On each job an independent external valuer regularly reviews the stage of completion of each project and provides valuation certificates. Revenue is recognised based on these valuations. For job contracts spanning the year end, judgement is applied in recognising the appropriate amount of revenues based on work performed up to the year end since the latest valuation certification.
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Page 28
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Page 29
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Page 30
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
13.Taxation (continued)
The group has tax losses of £1,028,372 to carry forward and utilise against future profits.
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Page 32
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Page 33
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Page 34
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Page 35
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Page 36
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Page 37
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Page 38
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Page 39
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Share premium account
net of transaction costs. During the year the share premium account of £244,996 was cancelled and the cumulative nominal amount of £244,996 being credited to the group's profit and loss reserve
Profit and loss account
The Group operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company In an independently administered fund. Contributions totalling £15,364 (2021 - £18,614) were payable to the fund at the reporting date and are included in other creditors. During the year contributions to the scheme totalled £79,034 (2021 - £96,629).
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Included within other debtors is £949,643 (2021 - £709,542) due from the directors. During the year advances of £370,171 (2021 - £169,483) were made, and credits received of £130,070 (2021 - £Nil).
Interest is charged on the loans at HMRC official rate.
The ultimate controlling party is deemed to be Dale Harper-Jones by virtue of his shareholding.
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